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$225,000
Est. payment /mo
10,001 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 942471
Rental Info No
Year Built 1910
Annual Tax Amount $7,097
Lot Size 10,001 Sqft
Acres 0.2296
Property Sub-Type Other
Source onekey2
Property Description
An excellent opportunity to acquire a high-demand, income-producing storage facility in the City of Newburgh, offering strong in-place occupancy and long-term utility.
The property features 10 separate storage units, with 9 currently rented, providing immediate cash flow and minimal operational overhead. Street-facing access ensures ease of use for tenants and supports continued demand for conveniently located storage in an urban residential setting.
The building sits on a 100 sq ft lot, with a lawn area positioned behind and above the structure, offering added flexibility and potential ancillary use. The property abuts 19 Leroy Place, creating a rare opportunity for combined ownership or future strategic use.
As an added layer of value, the buyer of 19 Leroy Place will have first right of refusal before the acceptance of any individual offers on this property, allowing for thoughtful acquisition planning and portfolio expansion. See MLS #942016 for listing details on that property.
With strong occupancy, straightforward management, and adjacency to a residential income-producing asset, 335 North Montgomery Street represents a compelling low-maintenance investment with both immediate return and long-term optionality. See Income/Expense Statement in the document section.
The property features 10 separate storage units, with 9 currently rented, providing immediate cash flow and minimal operational overhead. Street-facing access ensures ease of use for tenants and supports continued demand for conveniently located storage in an urban residential setting.
The building sits on a 100 sq ft lot, with a lawn area positioned behind and above the structure, offering added flexibility and potential ancillary use. The property abuts 19 Leroy Place, creating a rare opportunity for combined ownership or future strategic use.
As an added layer of value, the buyer of 19 Leroy Place will have first right of refusal before the acceptance of any individual offers on this property, allowing for thoughtful acquisition planning and portfolio expansion. See MLS #942016 for listing details on that property.
With strong occupancy, straightforward management, and adjacency to a residential income-producing asset, 335 North Montgomery Street represents a compelling low-maintenance investment with both immediate return and long-term optionality. See Income/Expense Statement in the document section.
Location
State NY
County Orange County
Interior
Heating None
Cooling None
Fireplace No
Exterior
Utilities Available None
Building
Lot Description Back Yard, Cleared
Story 1
Sewer None
Water None
Structure Type Block
Others
Special Listing Condition None
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Listed by BHHS Hudson Valley Properties • John R. Ruggieri
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Haniff Baksh
Broker | License ID: 10311202741
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